Cryptocurrency will be represented in the highest places - will it start a new bull run?

The fact that the crytocurrency is not going far enough and the big players take them very seriously, their efforts to create a lobbies group that will represent the interests of the blockchain industry at the highest places.

The Washington Post, on Tuesday 11 September 2018, reported that the world's largest crypto players met in Washington and jointly set up a new interest group: the Blockchain Association.

What are the goals of this association?
This is the first lobbies group full of renowned names that is about to represent the interests of the blockchain industry. One of the main purposes is communication and education of US lawmakers in the field of digital currencies and blockchain. They would also like to present their current concerns and help them to create clear rules that would lead to the blooming and growth of the entire cryptosystem.

Who's behind it?

Members of this group are blockchain launches, financial funds and stock exchanges. Founding members include companies such as Protocol Labs, Digital Currency Group, Polychain Capital, Coinbase, and Circle.

Kristin Smith, formerly a successful pastor of Overstock.com, spoke to Washington Post in the following words:

"Recently, I spent a lot of time educating myself in this area. I'm excited to be able to focus exclusively on virtual currency and blockchain issues. "

Mike Lempres, Director of Risk and Legal Affairs at Coinbase and other members of the group, said:

"The creation of the Blockchain Association is based on an effort to bring together all the most important companies in the industry and to take the next steps together. We want the legislators to hear from us that we welcome the regulations that will help the whole area of ​​virtual names, but we want to help create a truly quality legal and regulatory system that will stand up for the test of time. "

We also add the words of Jerry Brit, Executive Director of Coin Center, a leading nonprofit research center that focuses on decentralized computing technologies, such as Bitcoin and Ethereum.

"We are happy today, and for a few reasons. It's always great to get as many people involved as possible and to answer the lawmakers' questions about blockchain technology. Then there are other issues that the Blockchain Association can help with. For example, developing best practices and agreeing to their mass compliance is a very necessary thing. "

"... we share the same vision with the Blockchain Association and would like to welcome other quality blockchain networks and projects among us. Welcome to our friends at the Blockchain Association! We are glad that you are here and we can not wait to cooperate with you. "

conclusion

What can we expect from this newly established association? Thanks to high-quality lobbying, the interests of those affected by laws will be taken into account in prepared or negotiated laws. In our case, companies that deal with cryptocurrency and blockchain technology. Although Lobing has a bitter taste in our country, thanks to Mr Dalik's case, it is a completely legitimate way to promote his own interests. The creation of this association is considered to be a relatively fundamental step that will affect the entire crypto company.